Cisco Layoffs 2025. According to cisco, $700 million to $800 million of those charges will be recognized in the current quarter, with the rest set to be spread across its fiscal 2025 year. Cisco systems confirmed massive layoffs wednesday with plans to cut about 7 percent of its global workforce, which should cost up to $1 billion.
In its second major round of layoffs this year, bay area tech giant cisco systems disclosed plans to cut an additional 7% of its global workforce on wednesday as it shifts its. Cisco evp and coo maria martinez is leaving on the heels of a companywide layoff notice impacting 5 percent of the global workforce, and as ciscoโs pending $28 billion.